Compliance, Regulations and the Regulatory Environment
Description
Synopsis
Level: 5
Credit Units: 5
Presentation Pattern: Every July
What you'll learn
Singapore financial services licensing regime
Role of MAS
MAS supervisory toolkit - CRAFT framework, enforcement actions and exercise of its supervisory powers
Key regulations (various Acts, Notices, Directives)
Various MAS industry papers and emerging regulatory trends
The 3 lines of defence and basic tenets of sound control environment
Key appointment holders, licensed representatives and applicable regulatory requirements - CEO appointment, fit and proper criteria, misconduct filing, CPD requirements
Banking secrecy
Client data and outsourcing
Compliance concerns in use of data and machine learning
Sales and advisory practices
Fostering a sound conduct culture
Learning Outcomes
Demonstrate an understanding and appreciation of the financial services licensing regime, regulatory landscape and regulatory approach in Singapore.
Assess the main principles of key banking regulations and analyse how different regulatory requirements apply in different situations.
Analyse compliance-related issues and evaluate the applicability of regulations.
Formulate practical and feasible solution/advice that reflect an appropriate application of regulatory requirements, and balance with business needs.
Assess existing regulatory trends or emerging regulatory issues, and its impact to compliance work.
Formulate a compliance response towards establishing sound conduct and culture in a financial institution.
Instructor
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President of Sales